Brief: Giordano International Says Coronavirus Will Continue To Impact Markets Where Co Operates

Giordano International

09/03/2020 10:30

March 9 (Reuters) - Giordano International Ltd  0709.HK :
    * EPIDEMIC WILL CONTINUE TO IMPACT MARKETS WITHIN WHICH CO
OPERATES
    * CHAIRMAN AND CHIEF EXECUTIVE IMPLEMENTED 50% VOLUNTARY
REDUCTION
IN SALARY
    * ENGAGED IN TALKS WITH LANDLORDS, PURSUING RENTAL WAIVERS &
REDUCTIONS FOR GIORDANO STORES IN VARIOUSMARKETS DURING PERIOD
    * EXECUTIVE DIRECTORS AND SENIOR MANAGEMENT TEAM MEMBERS IN
HK
HAVE EACH IMPLEMENTED 30% VOLUNTARY REDUCTION IN SALARIES
    * EXEC DIRECTORS AND SENIOR MANAGEMENT TEAM MEMBERS IN HK
HAVE
EACH IMPLEMENTED A 30% VOLUNTARY REDUCTION IN SALARIES
    * ABOUT 15 MANAGEMENT TEAM MEMBERS FROM HK, MACAU, MAINLAND
CHINA
HAVE IMPLEMENTED 20% AND 10% VOLUNTARY REDUCTIONS IN SALARIES
    * ALL VOLUNTARY SALARY REDUCTIONS FOR A PERIOD OF THREE
MONTHS,
WITH EFFECT FROM MARCH 1, 2020

Source text for Eikon:  ID:nHKS72FSz3 
Further company coverage:  0709.HK 

 ((Reuters.Briefs@thomsonreuters.com;))